48 CFR ยง 52.242-2 - Production Progress Reports.

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52.242-2 Production Progress Reports.

As prescribed in 42.1107(a), insert the following clause;

Production Progress Reports (APR 1991)

(a) The Contractor shall prepare and submit to the Contracting Officer the production progress reports specified in the contract Schedule.

(b) During any delay in furnishing a production progress report required under this contract, the Contracting Officer may withhold from payment an amount not exceeding $25,000 or 5 percent of the amount of this contract, whichever is less.

(End of clause)
[48 FR 42478, Sept. 19, 1983, as amended at 56 FR 15156, Apr. 15, 1991]